Industrial Policy Quotes

Men may differ as to the particular form of governmental activity with respect to industry and business, but nearly all are agreed that private enterprise in times such as these cannot be left without assistance and without reasonable safeguards lest it destroy not only itself but also our processes of civilization.

Every coercive monopoly was created by government intervention into the economy: by special privileges, such as franchises or subsidies, which closed the entry of competitors into a given field, by legislative action.

The government assistance to the automobile industry was a tremendous success. The American auto industry was saved. Workers kept their jobs. The auto companies all have paid back their loans and they are all now profitable. If we had lost the auto industry, the industrial backbone of the country would have been destroyed. Steel, glass, rubber all would have collapsed.

In the Soviet Union, government controls industry. In the United States, industry controls government. That is the principal structural difference between the two great oligarchies of our time.

Finally, let's keep well in mind the most important lesson of the auto rescue: While government should stay away from the private sector as much as possible, markets do occasionally fail, and when they do government can play a constructive role, as it did in the case of the auto rescue.

Historically speaking, Socialism has already shown itself in England in the extension of State interference. It has produced the Factory Laws, and it is now beginning to advance further and interfere directly in the division of produce between the workmen and their employers.

Sugar protectionism is government planning, It is industrial policy—government picking winners and losers—applied to agriculture.

We need to draw up a regime where government can be an enabler for manufacturing to compete at good quality and prices.

In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.

Regulation is useful and proper, when aimed at the prevention of fraud or contrivance, manifestly injurious to other kinds of production, or to the public safety, and not at prescribing the nature of the products and the methods of fabrication

I believe America should make things.

It was good to launch the economy in the '50s. Japan did this; China did this; even South Korea did this. All the East Asians did this - import substitution. I think all countries followed import substitution in the '50s and in the '60s, but I think by the '70s, countries were getting out of that first phase of the strategy.

The economic situation, the high cost of undertaking manufacturing, the supply chain - which is, by the way, dying out also as manufacturing undergoes hardship - make the U.K. not the first place you would look at to make a manufacturing investment.

I think that most manufacturing and mining should be under the purview of state authorities.

Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men. The sovereign is completely discharged from a duty, in the attempting to perform which he must always be exposed to innumerable delusions, and for the proper performance of which no human wisdom or knowledge could ever be sufficient; the duty of superintending the industry of private people, and of directing it towards the employments most suitable to the interest of the society.

President Obama vowed in his State of the Union address to make assisting domestic manufacturers a top priority for his second term.

In defence, 'Make in India' is happening in a big way, and it is not happening without orders coming from the ministry.

The people of this country want an industrial policy that is for America and Americans.

I don't think we should be in the business of proliferating arms sales just to protect our industrial base.

There has not been a conscious view of re-energising manufacturing. So, in some form, someone has to wave the Union Jack in the area of manufacturing.

Any government intrusion into the economy deters the alleged beneficiaries from voicing their views or participating in civic life.

I love the people of Michigan. I'm fighting hard for them with the car industry. I'm constantly talking about the car companies moving out and going out Mexico and other places, Sean, and they know I will protect them. I will not let it happen. We're not going to lose our industries anymore.

It is not an accident that developing countries - virtually the whole of East Asia, for example - view the role of the state in a far more interventionist way than does the Anglo-Saxon world. Laissez-faire and free markets are the favoured means of the powerful and privileged.

The best industrial policy is competition.

We need to have a president that's going to pledge, as I have - I'm going to make America the number-one manufacturer so working men and women can have good paying jobs again in America.